Palisade Capital Management LLC NJ cut its position in Compass Diversified Holdings (NYSE:CODI) by 85.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,150 shares of the financial services provider’s stock after selling 194,635 shares during the period. Palisade Capital Management LLC NJ’s holdings in Compass Diversified Holdings were worth $596,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CODI. IFP Advisors Inc raised its stake in shares of Compass Diversified Holdings by 21.2% in the first quarter. IFP Advisors Inc now owns 6,558 shares of the financial services provider’s stock worth $109,000 after buying an additional 1,145 shares during the period. Wedbush Securities Inc. raised its stake in shares of Compass Diversified Holdings by 6.7% in the first quarter. Wedbush Securities Inc. now owns 10,991 shares of the financial services provider’s stock worth $182,000 after buying an additional 687 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Compass Diversified Holdings by 2.3% in the first quarter. Envestnet Asset Management Inc. now owns 13,318 shares of the financial services provider’s stock worth $221,000 after buying an additional 305 shares during the period. Northwest Quadrant Wealth Management LLC raised its stake in shares of Compass Diversified Holdings by 2.1% in the first quarter. Northwest Quadrant Wealth Management LLC now owns 14,346 shares of the financial services provider’s stock worth $232,000 after buying an additional 298 shares during the period. Finally, McKinley Carter Wealth Services Inc. raised its stake in shares of Compass Diversified Holdings by 1.9% in the first quarter. McKinley Carter Wealth Services Inc. now owns 14,314 shares of the financial services provider’s stock worth $238,000 after buying an additional 273 shares during the period. Institutional investors and hedge funds own 37.06% of the company’s stock.

Compass Diversified Holdings (NYSE CODI) opened at 17.35 on Thursday. The firm has a 50-day moving average of $17.35 and a 200-day moving average of $16.86. Compass Diversified Holdings has a 12-month low of $15.90 and a 12-month high of $19.50. The firm has a market cap of $1.04 billion, a P/E ratio of 111.94 and a beta of 0.57.

Compass Diversified Holdings (NYSE:CODI) last issued its earnings results on Wednesday, August 2nd. The financial services provider reported ($0.53) EPS for the quarter, missing analysts’ consensus estimates of $0.37 by $0.90. The firm had revenue of $307.38 million during the quarter, compared to analyst estimates of $302.86 million. Compass Diversified Holdings had a net margin of 2.20% and a return on equity of 6.42%. The business’s revenue for the quarter was up 43.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 earnings per share. On average, analysts expect that Compass Diversified Holdings will post $1.56 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, July 27th. Investors of record on Thursday, July 20th were paid a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, July 18th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 8.30%. Compass Diversified Holdings’s payout ratio is -276.92%.

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A number of analysts recently issued reports on CODI shares. TheStreet upgraded shares of Compass Diversified Holdings from a “c+” rating to a “b” rating in a research note on Friday, July 7th. Jefferies Group LLC restated a “buy” rating and issued a $20.00 price target on shares of Compass Diversified Holdings in a research note on Friday, July 14th. BidaskClub upgraded shares of Compass Diversified Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Zacks Investment Research upgraded shares of Compass Diversified Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, June 7th. Finally, ValuEngine lowered shares of Compass Diversified Holdings from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $19.25.

In other news, insider Alan B. Offenberg bought 60,000 shares of the business’s stock in a transaction that occurred on Thursday, June 22nd. The stock was acquired at an average cost of $16.84 per share, for a total transaction of $1,010,400.00. Following the completion of the purchase, the insider now owns 500,852 shares of the company’s stock, valued at approximately $8,434,347.68. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James Bottiglieri bought 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The stock was purchased at an average price of $16.24 per share, with a total value of $48,720.00. Following the completion of the purchase, the insider now directly owns 45,462 shares of the company’s stock, valued at approximately $738,302.88. The disclosure for this purchase can be found here. Corporate insiders own 2.40% of the company’s stock.

Compass Diversified Holdings Company Profile

Compass Diversified Holdings (the Trust) and Compass Group Diversified Holdings, LLC, (the Company), acquires and manages small and middle-market businesses. The Company operates through segments include Acquisition Corp. (5.11 Tactical), The Ergo Baby Carrier, Inc (Ergobaby), Liberty Safe and Security Products, Inc (Liberty), Fresh Hemp Foods Ltd.

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Institutional Ownership by Quarter for Compass Diversified Holdings (NYSE:CODI)

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